Postgraduate Course: Environmental and Natural Resource Economics (ECNM11028)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The course intends to provide students with an introduction to the application of economic theory and methods to the study of environmental problems and environmental policy choice. We look at issues such as:
What can economics contribute to understanding why environmental problems such as climate change occur, and the best solutions to these problems?
What are the links between economic growth and environmental quality?
What do we mean by ¿sustainable¿ development from an economics viewpoint?
How can economic tools such as cost-benefit analysis be applied to economic problems?
What is the economic value of conserving biodiversity?
How can economic incentives be used to conserve biodiversity and to control pollution?
What economic tools can be used to combat climate change, and what is the role of technological change?
There is a strong focus on policy issues and policy remedies to identified problems. |
| Course description |
There will be 6 sessions of 3 hours each on Fridays from 12-3. The first 2 are taken by Professor Frans de Vries (Aberdeen), sessions 3 and 4 by Nick Hanley, and sessions 5 and 6 by Professor Eoin McLaughlin (Herriot-Watt).
Lecture 1: pollution taxes and tradeable permits (FdV)
Lecture 2: environmental policy and technological change (FdV)
Lecture 3: economics of Payments for Ecosystem Services (NH)
Lecture 4: non-market valuation (NH)
Lecture 5: growth and the environment (EM)
Lecture 6: economics of sustainable development (EM)
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | Students should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
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Information for Visiting Students
| Pre-requisites | Students should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
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| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2024/25, Available to all students (SV1)
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Quota: 0 |
| Course Start |
Block 4 (Sem 2) |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 18,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
78 )
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| Assessment (Further Info) |
Written Exam
50 %,
Coursework
50 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Essay ¿ 50% of overall grade. Exam (2 hours) ¿ 50% of overall grade. |
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
| Develop a good awareness of the major literature in the area and be able to apply the relevant tools of economic analysis (which in some cases they will have met in other parts of the course) to the identified problems. This extends to an appreciation of the policy implications of issues developed during the course, and to the quality of available policy instruments.
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Reading List
Textbook: Hanley, Shogren and White ¿Environmental Economics in theory and practice¿ (2nd edition). MacMillan.
Updated chapters for sessions 1, 3, 4, 5 and 6 will be emailed to students as pdfs.
More detailed reading lists will be issued for each topic in due course |
Additional Information
| Course URL |
http://www.sgpe.ac.uk/ |
| Graduate Attributes and Skills |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | |
Course secretary | |
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